Disney Acquires Comcast's One-Third Stake In Hulu For $8.61 Billion

ACQUISITION IMAGE: Mickey Mouse, Robert Iger & Randy Freer DATE: 11/02/2023 BUYER: Disney SELLER: Comcast SALE PRICE: $8,610,000,000 NOTE: Disney is set to acquire Comcast's one-third stake in Hulu for an expected $8.61 billion, consolidating full ownership of the streaming service, with the transaction anticipated to close later this year. This move aligns with Disney's streaming objectives and follows a process of appraisal to determine Hulu's fair market value. Disney's CEO, Bob Iger, has publicly expressed the company's commitment to expand its streaming presence, signaling a shift away from traditional television as Hulu continues to grow with its popular original content and subscription bundling strategies within Disney's streaming portfolio. Disney HQ: #Burbank #California Comcast HQ: #Philadelphia #Pennsylvania #VentureCapital #Disney #Comcast #MickeyMouse #RobertIger #RandyFreer #TradedVC